Caprylic Acid Market Research Report- Forecast to 2023

Caprylic Acid Market Research Report- Forecast to 2023

ID: MRFR/CnM/0234-HCRR | October, 2018 | Region: Global | 175 pages | Half-Cooked Research Reports

Global Caprylic Acid Market: Information by End-Use Industry (Personal Care and Cosmetics, Pharmaceuticals, Food & Beverage, Fertilizer, Chemicals), Source (Coconut Oil, Palm Oil, Mammal Milk) and Region (Asia-Pacific, North America)—Forecast till 2023


Market Synopsis


Caprylic acid, also known as octanoic acid, is a saturated fatty acid obtained naturally from mammal milk, coconut oil, or palm oil. It is an oily liquid with an unpleasant rancid odor. The product is widely used in the production of esters, which are used in perfumery, and in the manufacturing of dyes. Moreover, caprylic acid finds application as a disinfectant in veterinary, healthcare, and industrial facilities, hotels, and schools, among others. Caprylic acid has antimicrobial properties which make it applicable as a surface sanitizer in dairies, breweries, food & beverage processing plants. Apart from this, the product is used a bactericide, fungicide, and herbicide in greenhouses. The other applications of caprylic acid are animal feed, corrosion inhibitor, and plasticizer.


The increasing demand for caprylic acid in the personal care and cosmetics and pharmaceuticals industries is expected to propel market growth during the forecast period. Caprylic acid finds application in the manufacture of perfumes, in masking agents, and artificial flavorings. The increased demand for personal care products is likely to propel market growth in the years to follow. Furthermore, the rising health consciousness and stringent government regulations regarding the hygiene and quality of food products are expected to boost the demand for caprylic acid in the food & beverage industry.


Global Caprylic Acid Market Share, by End-User, 2017 (%)


Caprylic Acid Market Share


Source: MRFR analysis


Regional Analysis


The global caprylic acid market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. Asia-Pacific accounted for the largest share of the global caprylic acid market in 2017. This is mainly due to the increased use of the product in the cosmetics and food & beverage industries in South Korea, China, Japan, Malaysia, and Singapore.


North America and Europe are the other substantial markets for caprylic acid. The rising demand for organic personal care and cosmetic products coupled with rising health-consciousness among consumers is likely to propel the growth of the caprylic acid market during the forecast period. Stringent government regulations regarding hygiene in the food & beverage industry and rising disposable incomes resulting in the increased purchase of organic personal care products are expected to fuel market growth in North America. The US and Canada are the major countries contributing to the regional market growth. Lastly, the caprylic acid markets in the Middle East & Africa and Latin America are estimated to witness significant growth during the forecast period.


Market Segmentation


The global caprylic acid market has been segmented on the basis of end-user, source, and region.


Based on end-user, the global caprylic acid market has been segregated into personal care and cosmetics, pharmaceuticals, food & beverage, fertilizer, chemicals, and others.


Considering the source of raw material, the global caprylic acid market has been categorized as coconut oil, palm oil, mammal milk, and others.


The global caprylic acid market has been studied with respect to five regions, namely, Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


Key Players


Some of the leading players in the global caprylic acid market are McKinley Resources Inc. (US), Cremer Oleo GmbH & Co. KG (Germany), KLK Oleo (Malaysia), Pacific Oleochemicals Sdn Bhd (Malaysia), Merck KGaA (Germany), Vigon International (US), Wilmar BioEthanol (Australia), Ecogreen Oleochemicals (Singapore), Spectrum Chemical Manufacturing Corp (US), Hydrite Chemical Co. (US), Interfat (Spain), and Procter & Gamble (US).


Intended Audience



  • Caprylic acid manufacturers

  • Traders and distributors of caprylic acid

  • Research and development institutes

  • Potential investors

  • Raw material suppliers

  • Nationalized laboratories

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Porter’s Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining Power of Buyers

4.1.3 Threat of Substitutes

4.1.4 Segment Rivalry

4.2 Value Chain/Supply Chain of Global Caprylic Acid Market

5 Industry Overview of Global Caprylic Acid Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact Analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact Analysis

7. Global Caprylic Acid Market, by Source

7.1 Introduction

7.2 Coconut Oil

7.2.1 Market Estimates & Forecast, 2018–2023

7.2.2 Market Estimates & Forecast by Region, 2018–2023

7.3 Palm Oil

7.3.1 Market Estimates & Forecast, 2018–2023

7.3.2 Market Estimates & Forecast by Region, 2018–2023

7.4 Mammal Milk

7.4.1 Market Estimates & Forecast, 2018–2023

7.4.2 Market Estimates & Forecast by Region, 2018–2023

7.5 Others

7.5.1 Market Estimates & Forecast, 2018–2023

7.5.2 Market Estimates & Forecast by Region, 2018–2023



8. Global Caprylic Acid Market, by End-User

8.1 Introduction

8.2 Personal Care and Cosmetics

8.2.1 Market Estimates & Forecast, 2018–2023

8.2.2 Market Estimates & Forecast by Region, 2018–2023

8.3 Pharmaceuticals

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast by Region, 2018–2023

8.4 Food & Beverage

8.3.1 Market Estimates & Forecast, 2018–2023

8.3.2 Market Estimates & Forecast by Region, 2018–2023

8.5 Fertilizer

8.5.1 Market Estimates & Forecast, 2018–2023

8.5.2 Market Estimates & Forecast by Region, 2018–2023

8.6 Chemicals

8.6.1 Market Estimates & Forecast, 2018–2023

8.6.2 Market Estimates & Forecast by Region, 2018–2023

8.7 Others

8.7.1 Market Estimates & Forecast, 2018–2023

8.7.2 Market Estimates & Forecast by Region, 2018–2023



9. Global Caprylic Acid Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2018–2023

9.2.2 Market Estimates & Forecast by End-User, 2018–2023

9.2.3 Market Estimates & Forecast by Source, 2018–2023

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2018–2023

9.2.4.2 Market Estimates & Forecast by End-User, 2018–2023

9.2.4.3 Market Estimates & Forecast by Source, 2018–2023

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2018–2023

9.2.5.2 Market Estimates & Forecast by End-User, 2018–2023

9.2.5.3 Market Estimates & Forecast by Source, 2018–2023

9.3 Europe

9.3.1 Market Estimates & Forecast, 2018–2023

9.3.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.3 Market Estimates & Forecast by Source, 2018–2023

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2018–2023

9.3.4.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.4.3 Market Estimates & Forecast by Source, 2018–2023

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2018–2023

9.3.5.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.5.2 Market Estimates & Forecast by Source, 2018–2023

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2018–2023

9.3.6.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.6.2 Market Estimates & Forecast by Source, 2018–2023

9.3.7 Spain

9.3.7.1 Market Estimates & Forecast, 2018–2023

9.3.7.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.7.2 Market Estimates & Forecast by Source, 2018–2023

9.3.8 UK

9.3.8.1 Market Estimates & Forecast, 2018–2023

9.3.8.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.8.3 Market Estimates & Forecast by Source, 2018–2023

9.3.9 Russia

9.3.9.1 Market Estimates & Forecast, 2018–2023

9.3.9.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.9.3 Market Estimates & Forecast by Source, 2018–2023

9.3.10 Poland

9.3.10.1 Market Estimates & Forecast, 2018–2023

9.3.10.2 Market Estimates & Forecast by End-User, 2018–2023

9.3.10.3 Market Estimates & Forecast by Source, 2018–2023

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2018–2023

9.4.2 Market Estimates & Forecast by End-User, 2018–2023

9.4.3 Market Estimates & Forecast by Source, 2018–2023

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2018–2023

9.4.4.2 Market Estimates & Forecast by End-User, 2018–2023

9.4.4.3 Market Estimates & Forecast by Source, 2018–2023

9.4.5 India

9.4.4.1 Market Estimates & Forecast, 2018–2023

9.4.4.2 Market Estimates & Forecast by End-User, 2018–2023

9.4.4.3 Market Estimates & Forecast by Source, 2018–2023

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2018–2023

9.4.6.2 Market Estimates & Forecast by End-User, 2018–2023

9.4.6.3 Market Estimates & Forecast by Source, 2018–2023

9.4.7 Australia

9.4.7.1 Market Estimates & Forecast, 2018–2023

9.4.7.2 Market Estimates & Forecast by End-User, 2018–2023

9.4.7.3 Market Estimates & Forecast by Source, 2018–2023

9.4.8 New Zealand

9.4.8.1 Market Estimates & Forecast, 2018–2023

9.4.8.2 Market Estimates & Forecast by End-User, 2018–2023

9.4.8.3 Market Estimates & Forecast by Source, 2018–2023

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2018–2023

9.4.9.2 Market Estimates & Forecast by End-User, 2018–2023

9.4.9.2 Market Estimates & Forecast by Source, 2018–2023

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2018–2023

9.5.2 Market Estimates & Forecast by End-User, 2018–2023

9.5.3 Market Estimates & Forecast by Source, 2018–2023

9.5.4 Turkey

9.5.4.1 Market Estimates & Forecast, 2018–2023

9.5.4.2 Market Estimates & Forecast by End-User, 2018–2023

9.5.4.3 Market Estimates & Forecast by Source, 2018–2023

9.5.5 Israel

9.5.5.1 Market Estimates & Forecast, 2018–2023

9.5.5.2 Market Estimates & Forecast by End-User, 2018–2023

9.5.5.3 Market Estimates & Forecast by Source, 2018–2023

9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2018–2023

9.5.6.2 Market Estimates & Forecast by End-User, 2018–2023

9.5.6.3 Market Estimates & Forecast by Source, 2018–2023

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2018–2023

9.5.7.2 Market Estimates & Forecast by End-User, 2018–2023

9.5.7.3 Market Estimates & Forecast by Source, 2018–2023

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2018–2023

9.5.8.2 Market Estimates & Forecast by End-User, 2018–2023

9.5.8.3 Market Estimates & Forecast by Source, 2018–2023

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2018–2023

9.6.2 Market Estimates & Forecast by End-User, 2018–2023

9.6.3 Market Estimates & Forecast by Source, 2018–2023

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2018–2023

9.6.4.2 Market Estimates & Forecast by End-User, 2018–2023

9.6.4.3 Market Estimates & Forecast by Source, 2018–2023

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2018–2023

9.6.5.2 Market Estimates & Forecast by End-User, 2018–2023

9.6.5.3 Market Estimates & Forecast by Source, 2018–2023

9.6.6 Mexico

9.6.6.1 Market Estimates & Forecast, 2018–2023

9.6.6.2 Market Estimates & Forecast by End-User, 2018–2023

9.6.6.3 Market Estimates & Forecast by Source, 2018–2023

9.6.7 Rest of Latin America

9.6.7.1 Market Estimates & Forecast, 2018–2023

9.6.7.2 Market Estimates & Forecast by End-User, 2018–2023

9.6.7.3 Market Estimates & Forecast by Source, 2018–2023

10. Company Landscape

11. Company Profiles

11.1 McKinley Resources Inc.

11.1.1 Company Overview

11.1.2 Type/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 Cremer Oleo GmbH & Co. KG

11.2.1 Company Overview

11.2.2 Type/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 KLK Oleo

11.3.1 Company Overview

11.3.2 Type/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Pacific Oleochemicals Sdn Bhd

11.4.1 Company Overview

11.4.2 Type/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 Merck KGaA

11.5.1 Company Overview

11.5.2 Type/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Vigon International

11.6.1 Company Overview

11.6.2 Type/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Wilmar BioEthanol

11.7.1 Company Overview

11.7.2 Type/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Ecogreen Oleochemicals

11.8.1 Company Overview

11.8.2 Type/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Spectrum Chemical Manufacturing Corp.

11.9.1 Company Overview

11.9.2 Type/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Hydrite Chemical Co.

11.10.1 Company Overview

11.10.2 Type/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 Interfat

11.11.1 Company Overview

11.11.2 Type/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 Procter & Gamble

11.12.1 Company Overview

11.12.2 Type/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments



12. Conclusion



LIST OF TABLES



Table 1 World Population in Major Regions (2016–2030)

Table 2 Caprylic Acid Market, by Region, 2016–2023

Table 3 North America: Caprylic Acid Market, by Country, 2016–2023

Table 4 Europe: Caprylic Acid Market, by Country, 2016–2023

Table 5 Asia-Pacific: Caprylic Acid Market, by Country, 2016–2023

Table 6 Middle East & Africa: Caprylic Acid Market, by Country, 2016–2023

Table 7 Latin America: Caprylic Acid Market, by Country, 2016–2023

Table 8 Caprylic Acid End-User Market, by Region, 2016–2023

Table 9 North America: Caprylic Acid End-User Market, by Country, 2016–2023

Table 10 Europe: Caprylic Acid End-User Market, by Country, 2016–2023

Table 11 Asia-Pacific: Caprylic Acid End-User Market, by Country, 2016–2023

Table 12 Middle East & Africa: Caprylic Acid End-User Market, by Country, 2016–2023

Table 13 Latin America: Caprylic Acid Source Market, by Country, 2016–2023

Table 14 Caprylic Acid Source Market, by Region, 2016–2023

Table 15 North America: Caprylic Acid Source Market, by Country, 2016–2023

Table 16 Europe: Caprylic Acid Source Market, by Country, 2016–2023

Table 17 Asia-Pacific: Caprylic Acid Source Market, by Country, 2016–2023

Table 18 Middle East & Africa: Caprylic Acid Source Market, by Country, 2016–2023

Table 19 Latin America: Caprylic Acid Source Market, by Country, 2016–2023

Table 20 Global End-User Market, by Region, 2016–2023

Table 21 Global Source Market, by Region, 2016–2023

Table 22 North America: Caprylic Acid Market, by Country, 2016–2023

Table 23 North America: Caprylic Acid Market, by End-User, 2016–2023

Table 24 North America: Caprylic Acid Market, by Source, 2016–2023

Table 25 Europe: Caprylic Acid Market, by Country, 2016–2023

Table 26 Europe: Caprylic Acid Market, by End-User, 2016–2023

Table 27 Europe: Caprylic Acid Market, by Source, 2016–2023

Table 28 Asia-Pacific: Caprylic Acid Market, by Country, 2016–2023

Table 29 Asia-Pacific: Caprylic Acid Market, by End-User, 2016–2023

Table 30 Asia-Pacific: Caprylic Acid Market, by Source, 2016–2023

Table 31 Middle East & Africa: Caprylic Acid Market, by Country, 2016–2023

Table 32 Middle East & Africa: Caprylic Acid Market, by End-User, 2016–2023

Table 33 Middle East & Africa: Caprylic Acid Market, by Source, 2016–2023

Table 34 Latin America: Caprylic Acid Market, by Country, 2016–2023

Table 35 Latin America: Caprylic Acid Market, by End-User, 2016–2023

Table 36 Latin America: Caprylic Acid Market, by Source, 2016–2023



LIST OF FIGURES



FIGURE 1 Caprylic Acid Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis of Caprylic Acid Market

FIGURE 4 Value Chain of Caprylic Acid Market

FIGURE 5 Share of Caprylic Acid Market, by Country, 2017 (%)

FIGURE 6 Caprylic Acid Market, 2017–2023

FIGURE 7 Sub-Segments of End-User

FIGURE 8 Caprylic Acid Market Size, by End-User, 2017

FIGURE 9 Share of Caprylic Acid Market, by End-User, 2017–2023

FIGURE 10 Sub-Segments of Source

FIGURE 11 Caprylic Acid Market Size, by Source, 2017

FIGURE 12 Share of Caprylic Acid Market, by Source, 2017–2023